International investment exposure is non-negotiable from the point of view of portfolio diversification. However, according to Mike Wilmot, head of investments at Nedbank Private Wealth: “International investment objectives based on unreasonable tax outcomes, opaque asset ownership or speculative short-term currency views have no place in any sensible process. It is therefore crucial to consider the impact any international investments may have on your will, your tax and estate liabilities, tax administration, and compliance with exchange control and other legislation.” There are various ways to get international exposure, including:

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